Treasury Regulations, Subchapter A, Sec. 1.34-4
From TaxAlmanac
Sec. 1.34-4 Taxpayers not entitled to credit and exclusion
(a) The credit or exclusion is not available to nonresident aliens with respect to whom a tax is imposed for the taxable year under section 871(a). If the taxpayer elects under section 6014 to have the Government compute his tax, the credit is not taken into account in such computation although the taxpayer is allowed the exclusion under section 116.
(b) For treatment of dividends received by estates or trusts, and the allocation of such dividends between an estate or trust and the beneficiary thereof, see sections 642, 652, and 662 and the regulations thereunder. 3
(c) For treatment of dividends received by a partnership see section 702 and the regulations thereunder.
(d) For treatment of dividends received by a common trust fund, see section 584 and the regulations thereunder.
